• Cyber-Attacks: Increase in home working raises risk

    Cyber-Attacks: Increase in home working raises risk

    The significant increase in home working caused by the coronavirus pandemic has increased the risk of firms being hit by cyber-attacks, according to insurers Beazley. Ransomware cyber-attacks skyrocketed by 131% in 2019, compared to the previous year, according to the Beazley Breach Briefing report, an annual update on cyber trends. In addition to the growth […]

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  • Chancellor unveils £330 billion support package for coronavirus pandemic

    Chancellor unveils £330 billion support package for coronavirus pandemic

    Chancellor Rishi Sunak has unveiled a £330 billion package of support for the UK economy as it combats the coronavirus pandemic. The measures dwarf the £12 billion made available in last week’s Budget. But the Chancellor promised to go further if necessary. The package includes an increase in government-backed loans, higher cash grants, widened business […]

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  • Economists warn of global coronavirus recession

    Economists warn of global coronavirus recession

    The coronavirus pandemic will cause a global recession as action from governments around the world fails to halt sliding stock markets, warn economists at Barclays. The US Federal Reserve has cut interest rates to a target range of between 0% and 0.25%, and unveiled a significant financial stimulus package. It follows a rate cut by […]

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  • Buy-to-let landlords getting cold feet over sector regulation

    Buy-to-let landlords getting cold feet over sector regulation

    Buy-to-let landlords have turned negative on their investments due to higher taxes and greater regulation, according to research from property development firm Accumulate Capital. The research found that 37% of UK property investors are planning on selling one or more of the residential properties they own in 2020. Over half of landlords would not have […]

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  • Coronavirus to blame as business confidence falls

    Coronavirus to blame as business confidence falls

    The post-election rise in UK business confidence has dissipated as the coronavirus takes its toll on the global economy, according to new research. A survey carried out by the Institute of Directors (IoD) has showed that confidence is at its lowest since September last year. Other challenges cited by UK businesses are domestic economic issues […]

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  • Tax Policy: Business groups urge Chancellor to take ‘strategic approach’

    Tax Policy: Business groups urge Chancellor to take ‘strategic approach’

    Ahead of the 2020 Budget, the Institute for Fiscal Studies (IFS), the Chartered Institute of Taxation (CIOT) and the Institute for Government (IfG) have urged Chancellor Rishi Sunak to take a new approach to making tax policy. The business groups have written a letter to the Chancellor, stating that the UK needs a tax system […]

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  • Coronavirus ‘gravest threat to global economy since financial crisis’, says OECD

    Coronavirus ‘gravest threat to global economy since financial crisis’, says OECD

    The Organisation for Economic Co-operation and Development (OECD) has warned that the coronavirus represents the ‘gravest threat’ to the global economy since the 2008 financial crisis. The OECD has called on governments around the world to act immediately. In order to limit the spread of the virus and protect people and businesses from its effects. […]

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  • Entrepreneurs’ Relief scrapping would ‘destroy retirements’

    Entrepreneurs’ Relief scrapping would ‘destroy retirements’

    The Federation of Small Businesses (FSB) has stated that abolishing Entrepreneurs’ Relief (ER) would ‘destroy retirements’. The FSB highlighted the fact that the Conservative Party’s General Election manifesto pledged to ‘review and reform’ Entrepreneurs’ Relief, rather than abolish it. According to the business group, the ‘vast majority’ of those who benefit from ER are everyday […]

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  • Off-payroll working rules get green light for April

    Off-payroll working rules get green light for April

    The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020. The introduction of the off-payroll rules, which are known as IR35 and have applied to the public sector since 2017, has been under review. The review has now concluded and the changes will go […]

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  • Minimum Wage: Government to name & shame

    Minimum Wage: Government to name & shame

    The UK government has reintroduced the naming and shaming of employers who fail to pay their employees the National Minimum Wage (NMW) or the National Living Wage (NLW). The government has also increased the threshold for naming employers. Therefore, the firms owing arrears over £500 in NMW payments to their workforces will now be named. […]

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